Ralph has an unendorsed HO-3—Special Form (HO-3) policy. While coming home from a coin show, Ralph discovers that his automobile was broken into and a package containing $2,000 in coins, some tools, and groceries was stolen. Disregarding any deductible that may apply, will Ralph's HO-3 insurer pay for the loss of the coins?

Ralph has an unendorsed HO-3—Special Form (HO-3) policy. While coming home from a coin show, Ralph discovers that his automobile was broken into and a package containing $2,000 in coins, some tools, and groceries was stolen. Disregarding any deductible that may apply, will Ralph's HO-3 insurer pay for the loss of the coins?



A. No, theft of money is an excluded peril.


B. No, leaving money in an unattended vehicle is negligent behavior, which is excluded.


C. Yes, the coins are covered up to a specified limit


D. Yes, the coins are covered up to the limit of Coverage C as long as they are of a collectible nature.



Answer: C

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